The Command Economy Pros And Cons

The command economy was where a central government makes all of the economic decisions. The government also regulated factors of production.There were many pros of this command economy like boosts in industrial power. This was important because it completed massive projects while attaining imperative social goals. It also adjusted production rates and availability of completed goods, which lessens the chances for shortages to occur. There were not only pros, but also cons of the command economy. One of the main cons of this was it restricted freedom. Due to its communist country connection, it takes the freedom away from the people and puts full control in the government . Another con is the command economy often ignores needs of society